Red Rock Resources plc said it had received the proceeds from selling its gold royalty over the El Limon mine and mill in Colombia. GOLD The company will use the money to pay Power Metal Resources plc for its 49% share of their Australia gold joint venture. Red Rock also hopes to sell its Ivory […]
Tag: Democratic Republic of Congo (DRC)
Red Rock faces administration over debt
Red Rock Resources plc said it might have to file for administration if it fails to find sufficient funds to clear its debts. CREDITORS Of the total, the company owes £654,000 to Power Metal Resources plc in respect of their joint venture New Ballarat Gold Corporation plc in Australia. Rescheduled payments include two of £200,000 […]
Red Rock issues 100m shares for fees
Red Rock Resources plc has issued for cash 100 million new ordinary shares of 0.01 pence each in the company at a subscription price of 0.03 pence per share to settle professional fees. TVRs Following admission, the company’s issued ordinary share capital will comprise 7,254,032,374 ordinary shares. All of the ordinary shares have equal voting […]
Red Rock issues 57m shares for cash advances
Red Rock Resources plc has issued 57,142,856 new ordinary shares of 0.01 pence each in the company at a subscription price of 0.035 pence per share, with 57,142,856 attached warrants, to convert cash advances. TVRs A total of 14,285,714 warrants expire will expire on 9 March 2028 and 42,857,142 warrants on 18 May 2028, exercisable at a […]
Red Rock issues 427m shares to settle debt
Red Rock Resources plc has issued 426,829,268 ordinary shares of £0.0001 each in the company to settle a £175,000 debt, at a price of 0.041p per share. TVRs Following admission, the company’s issued ordinary share capital will total 7,096,889,518, each with equal voting rights. The company holds no shares in treasury. Red Rock, with assets […]
Red Rock pursues DRC arbitration
Red Rock Resources plc said it remained on course with its arbitration proceedings in the Democratic Republic of Congo, despite conflict and demonstrations. PARTNERS Chairman Andrew Bell added: “Inevitably the invasion in the east of the country has been a distraction and caused delay, including days when offices were shut and flights cancelled. “By maintaining […]